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Moe promises increased first home tax credit, return of home renovation credit

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Moe promises increased first home tax credit, return of home renovation credit

By Staff

The Canadian Press

Posted October 4, 2024 12:45 pm

Updated October 4, 2024 12:46 pm

1 min read

REGINA – Saskatchewan Party Leader Scott Moe say if re-elected his party would increase and reintroduce a pair of tax credits designed to help current and prospective homeowners.

Moe says the First-Time Homebuyers Tax Credit would increase to $15,000 from $10,000.

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He says the Saskatchewan Party would also reintroduce the Home Renovation Tax Credit, which was a temporary program the government piloted between 2020 and 2022.

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That tax credit would allow homeowners to claim up to $4,000 in renovation expenses on their income taxes.

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May says seniors would be able to claim up to $5,000.

The provincial election is set for Oct. 28.

This report by The Canadian Press was first published Oct. 4, 2024.


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